The U.S. region plummeted by 80, and the amount of venture capital invested in global quantum startu

Mondo Finance Updated on 2024-02-01

**: IT House.

IT Home reported on January 31 that the latest research report pointed out that the amount of venture capital investment in global quantum startups in 2023 will be 12$400 million, compared to $23. in 2022$900 million, down about 50%.

Among them, the United States region saw the largest decline, with 13$6.9 billion, compared to a sharp drop of 2$400 million, down more than 82%.

The report was jointly published by IQM Quantum Computer, OpenOcean, Europe's leading venture capital firm, and LakeStar, Europe's leading technology investor. The report argues that the reason for the decline in investment is not a decline in interest in quantum technology, but an overall decline in technology investment.

More than 30 countries and territories** around the world have committed more than $40 billion in public funding for quantum technology over the next 10 years. More than 20 of these active participants in quantum technology have developed coordinated policies, funding, and roadmaps.

The results show that despite the decline in investment, the pace of commercialization in the quantum era has not stopped. More than 300 end-users in industries such as healthcare, financial services, and materials science are already exploring use cases and preparing for quantum computing.

As quantum advantage may be years away, these leaders are taking steps to prepare for commercial quantum computing.

Dr. Jan Goetz, CEO and co-founder of IQM Quantum Computer, said:

2023 has been a year of steady technological progress, with the number of qubits and initial error correction increasing as companies successfully launch and follow the quantum roadmap. We've also seen national labs deploy real systems that are steadily moving into real-world application as they continue to solve commercial problems holistically.

However, the algorithmic appreciability is still low. While scaling processors is largely an engineering challenge, estimating the timeline for software improvements is more dependent on hardware progress.

Nonetheless, in 2023, we are observing more contributions from non-quantum experts such as systems engineers, who bring valuable real-world experience that brings us closer to solving the talent bottleneck.

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